Externality meaning

ĕk'stər-năl'ĭ-tē
A cost or benefit that affects people other than those involved in the economic activity that produced it and that is not reflected in prices.

Pollution and other negative externalities.

noun
0
0
The quality or state of being external.
noun
0
0
An external thing.
noun
0
0
A cost to society, as of pollution or diminished public health, that is not accounted for in the price of a product sold to the public.
noun
0
0
(uncountable) The state of being external or externalized.
noun
0
0
Advertisement
(countable) A thing that is external relative to something else.
noun
0
0
(economics, countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.
noun
0
0